Sei Investments Co. Reduces Position in TopBuild Corp. (NYSE:BLD)

Sei Investments Co. reduced its stake in TopBuild Corp. (NYSE:BLD) by 21.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,052 shares of the construction company’s stock after selling 2,523 shares during the period. Sei Investments Co.’s holdings in TopBuild were worth $3,487,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Promethos Capital LLC raised its position in TopBuild by 117.0% in the 2nd quarter. Promethos Capital LLC now owns 10,571 shares of the construction company’s stock worth $4,073,000 after purchasing an additional 5,700 shares during the period. Public Employees Retirement Association of Colorado lifted its stake in shares of TopBuild by 775.9% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 31,163 shares of the construction company’s stock valued at $12,006,000 after purchasing an additional 27,605 shares during the period. Intech Investment Management LLC bought a new stake in shares of TopBuild during the 2nd quarter valued at $2,125,000. Inspire Investing LLC grew its holdings in TopBuild by 12.5% in the second quarter. Inspire Investing LLC now owns 916 shares of the construction company’s stock worth $353,000 after purchasing an additional 102 shares during the period. Finally, XTX Topco Ltd grew its stake in shares of TopBuild by 218.3% in the 2nd quarter. XTX Topco Ltd now owns 4,141 shares of the construction company’s stock worth $1,595,000 after buying an additional 2,840 shares during the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Analyst Upgrades and Downgrades

BLD has been the subject of several analyst reports. Truist Financial reduced their price target on shares of TopBuild from $410.00 to $395.00 and set a “hold” rating for the company in a research report on Wednesday, August 7th. Evercore ISI lowered their price objective on shares of TopBuild from $555.00 to $489.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. Stephens lowered their target price on TopBuild from $435.00 to $400.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 8th. StockNews.com downgraded shares of TopBuild from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, DA Davidson dropped their price objective on TopBuild from $470.00 to $460.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $449.00.

TopBuild Stock Down 1.0 %

BLD opened at $403.02 on Thursday. The company has a 50-day moving average price of $398.84 and a 200 day moving average price of $406.99. TopBuild Corp. has a twelve month low of $217.08 and a twelve month high of $495.68. The company has a market cap of $12.82 billion, a PE ratio of 20.31, a price-to-earnings-growth ratio of 2.53 and a beta of 1.77. The company has a quick ratio of 1.82, a current ratio of 2.34 and a debt-to-equity ratio of 0.57.

TopBuild (NYSE:BLD) last issued its earnings results on Tuesday, August 6th. The construction company reported $5.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.68 by ($0.26). TopBuild had a return on equity of 25.72% and a net margin of 11.74%. The company had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.40 billion. During the same period last year, the business earned $5.25 earnings per share. The firm’s revenue was up 3.7% compared to the same quarter last year. Sell-side analysts expect that TopBuild Corp. will post 21.18 earnings per share for the current fiscal year.

About TopBuild

TopBuild Corp., together with its subsidiaries, engages in the installation and distribution of insulation and other building material products to the construction industry. The company operates in two segments, Installation and Specialty Distribution. It provides insulation products and accessories, glass and windows, rain gutters, garage doors, fireplaces, roofing materials, closet shelving, and other products.